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Lender CIT Files for Bankruptcy

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Uploaded by on Nov 2, 2009

While lending group CIT received billions in TARP money, it was not able to turn a profit and filed for bankruptcy. This is the fifth largest U.S. corporate bankruptcy, Kelly Wallace reports.

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  • Troubled Asset Relief Program=TARP. What is a tarp in reality? A mere cloak for protection of real goods and valuables. However, it is simply for temporary transportation of goods and valuables to real shelter. Nothing of the sort is happening here. It is a TARP that was never tied down. It was all useless valueless money. There were never any real goods or valuables under this TARP. It was green shit paper charged to the taxpayers and the TARP has blown down the road to hell, since then.

  • Wall Street has collapsed. The government only wasted Billion of Dollars bailing out wall street. Its a lost cause. The mainstream news is just doing a cover-up. Empire America has fallen and there is no return to where you were. KARMA

  • what happens now?

  • This news is terrible.

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